Olson Jeffrey S 4
4 · Urban Edge Properties · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Urban Edge (UE) CEO Jeffrey Olson Receives LTIP Award
What Happened
Jeffrey S. Olson, Chairman of the Board and CEO of Urban Edge Properties (UE), was granted a total of 323,631 LTIP units on January 27, 2026 via three awards (142,503; 55,988; 125,140). Each grant was recorded at $0.00 per unit because these are long‑term incentive plan (LTIP) units/derivative awards rather than open‑market purchases or sales.
Key Details
- Transaction date and codes: January 27, 2026 — three grants (code A: Award/Grant). Price reported: $0.00 per unit. Total units granted: 323,631.
- Shares/units owned after the transaction: not specified in the Form 4 (not reported here).
- Notable footnotes summarized:
- One grant represents LTIP units elected in lieu of 2025 cash bonuses (forgone cash + 20% company match); vest ratably over 3 years; initial vesting Jan 27, 2027 (F1, F5).
- LTIP units are derivative: upon meeting tax allocation conditions and vesting, each LTIP unit may be converted to a Common Unit, and each Common Unit may be converted to one Common Share (conversion generally restricted without issuer consent for two years) (F2).
- Additional grants were made under the 2026 LTI Plan: some vest solely by time and others vest based on time plus performance over a three‑year measurement period ending Jan 26, 2029; the reported performance‑based grants reflect the maximum units that could be earned (F3, F4).
- Filing timeliness: Form filed Jan 29, 2026 for a Jan 27, 2026 transaction — filed within the typical 2‑business‑day Form 4 window (timely).
Context
These are compensation awards (long‑term incentive units) rather than purchases or sales. LTIP units align executive pay with future company performance and convert to equity only after vesting and satisfying tax/conversion conditions; some units are performance‑contingent and may not vest in full. Such grants are routine for executive compensation and do not in themselves signal immediate buying or selling of shares.
Insider Transaction Report
Form 4
Olson Jeffrey S
DirectorChairman of the Board & CEO
Transactions
- Award
2025 LTIP Units
[F1][F2]2026-01-27+142,503→ 142,503 total→ Common Shares (142,503 underlying) - Award
LTIP Units (2026 LTI Perf.)
[F3][F2][F4]2026-01-27+55,988→ 55,988 total→ Common Shares (55,988 underlying) - Award
LTIP Units (2026 LTI Time)
[F3][F2][F5]2026-01-27+125,140→ 125,140 total→ Common Shares (125,140 underlying)
Footnotes (5)
- [F1]Represents LTIP Units in Urban Edge Properties LP granted pursuant to an elective program under which members of management elected to forgo 2025 cash bonuses and receive equity with a grant date fair value equal to the cash forgone plus a 20% match by the Issuer. The LTIPs shown represent both the forgone bonus plus the match, all of which vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on January 27, 2027.
- [F2]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of Urban Edge Properties (the "Issuer"). LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
- [F3]Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2026 long-term incentive plan (the "2026 LTI Plan") under the Urban Edge Properties 2024 Omnibus Share Plan. The 2026 LTI Plan is comprised of LTIP Units that vest solely based on time, which we refer to as "2026 LTI Time" in Table II and those that vest and are earned subject to both time and performanced hurdles, which we refer to as "2026 LTI Perf." in Table II.
- [F4]The LTIP Units are scheduled to vest as follows: 50% as soon as practicable following the determination of the units earned upon completion of the three year performance measurement period ending January 26, 2029 (the "Measurement Period") and 25% on each of January 27, 2030 and January 27, 2031, subject to continued employment through such dates and the achievement of certain performance based criteria based on the Issuer's total return to shareholders during the Measurement Period. The number of LTIP Units reported represents the maximum number of LTIP Units that may be earned based on the Issuer's total return to shareholders during the Measurement Period. Excludes 167,940 LTIP units granted under the 2026 LTI Plan the earning of which is subject to conditions that are not tied solely to the market price of an equity security of the Issuer.
- [F5]The LTIP Units vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on January 27, 2027.
Signature
/s/ Heather Ohlberg under POA|2026-01-29